4-5 June | Kabuto One
Connecting Japanese capital with global infrastructure
The Infrastructure Investor Tokyo Forum is the region’s largest gathering of infrastructure investors. Bringing you unmatched insights from our expert speaker-line up alongside our editorially-led agenda and countless opportunities to network with active LPs, the Tokyo Forum should be a fixture in your diary for those serious about infrastructure investment.
Secure your spot at the Tokyo Forum and instantly become part of the Infrastructure Investor Network, allowing you to build connections and find opportunities, year-round.
350 attendees
looking to connect, share peer-to-peer insights and advance their fundraising
.
150 LPs
pure-play, infrastructure-focussed LPs to connect with at our unrivalled networking opportunities
.
65 speakers
to deliver you unmatched insights from our editorially-led agenda so you can make informed investment decisions
.
Keynote spotlight
Keynote Spotlight:
Ryosuke Yoshida, Director & Investment Lead, Infrastructure, Private Market Investment Department, Government Pension Investment Fund (GPIF)
Hear from one of the world’s most influential infrastructure investors at the Infrastructure Investor Tokyo Forum. Discover how the largest pension fund is navigating shifting market dynamics and reshaping its infrastructure allocations. Gain exclusive insights into investment priorities, risk management strategies, and evolving appetite for assets. Don’t miss this rare opportunity to understand the forces driving capital flows across Japan and beyond.
Keynote Spotlight:
Akihiro Konishi, Chief Investment Officer, Federation of National Public Service Personnel Mutual Aid Associations
Gain insider insights from a leading Japanese institutional investor at the Infrastructure Investor Tokyo Forum. Find out how one of the country’s major pension funds is managing risk, driving diversification, and increasing infrastructure investments amid global market shifts. Get a clear view of the trends set to shape Japanese capital flows in the years ahead.
Key themes:
Digital Infrastructure & AI
Emerging opportunities for Japanese LPs
Japanese LP evolution
What is driving their investment strategies in light of the current market?
US infrastructure market
Decarbonisation efforts, regulatory impacts, and policy changes under a second Trump administration
Corporate PPAs in Japan
Driving demand for renewables and shaping the future of energy storage
The role of the strategic investor
Collaborations and lessons learned from investing in Japan’s infrastructure
Don't miss the region's industry leading event.
Gain transformative insights
Share perspectives on Asian investment strategies, learn more about Korean investor appetite and identify high-yield assets across the region with leading investment practitioners
Expand your fundraising horizons
The Tokyo Forum is home to 150+ investors, gain access to them with across our 2 networking days and secure your next investment.
Build a global network of influential investors
Create and nurture sustainable relationships with infrastructure’s elite by using our sophisticated networking platform.
Speaker
enquiries
Andrew Wolff
andrew.w@pei.group
T: +81 (0) 3 6205 3224
Sponsorship
enquiries
Alexander Jakes
alexander.j@pei.group
T: +44 (0) 203 862 7498
Registration
enquiries
Luca Greene
luca.g@pei.group
2024 Agenda
For more information on speaking at the Japan Korea Week, please contact Andrew Wolff
E: andrew.w@pei.group
Agenda
Tokyo Forum - Day 1 - Thursday 13th
Registration and networking l 受付&ネットワーキング
PEI Opening Remarks (English) l PEIの開会挨拶 (英語)
Keynote Presentation: Infrastructure and Japan’s investment screening regime (English) l 基調講演:インフラストラクチャーと日本の投資審査制度 (英語)

Keynote Panel: Infrastructure investing at maturation: Will it remain a resilient asset class? (English) l 基調パネル: 成熟期のインフラ投資:今後も強靱な資産クラスとなりうるか?(英語)
- How will the interest rate environment and continuing geopolitical uncertainty shape GPs’ investment strategies going forward?
- Will the impact of digitalisation and decarbonisation continue to drive investment opportunities in the asset class?
- 2023 was a challenging year for fundraising – are GPs seeing stronger interest in 2024?






Break l 休憩
Panel: Seizing on the growth opportunities in the energy transition (English) l パネル:エネルギー転換の成長機会をつかむ (英語)
- How do you find value in growth technologies such as hydrogen and carbon capture?
- What are untapped or niche areas of the energy transition to look at with the most growth potential?
- How should LPs view supply chain and regulatory challenges when making investments?





Don Dimitrievich
Portfolio Manager, Senior Managing Director, Energy Infrastructure Credit, Nuveen
Read bio
Presentation: Climate Resilient Infrastructure – Unlocking the Value of Resilience (English) l プレゼンテーション:気候変動に強いインフラ- レジリエンスの価値を解き明かす (英語)

Lunch and Networking l 昼食&ネットワーキング
Panel: The rise and rise of infrastructure secondaries (English/ Japanese) l パネル :インフラセカンダリーの台頭 (英語/日本語)
- What are the key market drivers spurring on the growth of infrastructure secondaries?
- Understanding the pricing dynamics of the current secondaries market
- How can secondaries investing benefit Japanese LPs as a means of J-curve mitigation?


Joji Takeuchi
Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One
Read bio



Panel: Investing in infrastructure through an ESG lens (English/ Japanese) l パネル:ESGレンズを通したインフラ投資 (英語/日本語)
- The case for ESG: why it should be at the forefront of Japanese LPs’ investing decisions in the asset class
- The role of data in ESG investing: are we moving towards greater standardisation?
- Successful case studies where ESG integration has created long-term value for infrastructure assets






Panel: Equity vs Debt – which is the better strategy in the current market? (English) l パネル:エクイティ対デット - 現在の市場でより良い戦略は? (英語)
- How have infrastructure debt GPs performed in the current interest rate environment?
- Does infra debt have a comparative advantage to equity in light of the current global economy?
- Which types of deals will be attractive for infrastructure debt in the near-to-mid-term?




Panel: Specialise or diversify? What are the optimal investing strategies for Japanese LPs in the current environment? (English) l パネル:専門化か多様化か? 現在の環境において日本のLPの最適な投資戦略は何か? (英語)
- How has the macroeconomic climate impacted on asset allocations?
- What are the correlations and synergies between investing in GX and DX? (energy transition & digital)
- What are the main drivers behind the increasing number and size of sector specific funds in the market? Where are the opportunities in the mid-market?





Panel: Spotlight on the Australian market (English) l パネル:オーストラリア市場に焦点を当てる (英語)
- Are there still major privatisation investing opportunities in the pipeline?
- Investing in Australian mid-market renewables
- Understanding the current local regulatory environment – help or hindrance?





Presentation: Spotlight on renewables assets (English) l プレゼンテーション:再生可能なアセットに焦点をあてる (英語)

Break l 休憩
Presentation: Finding value in European mid-market infrastructure (English) l プレゼンテーション:欧州でのインフラストラクチャーミッドマーケットにおける価値を見つける (英語)

Panel: Japanese LPs – still bullish for increasing infrastructure allocations? (Japanese) l パネル:日本のLPは、インフラへ資産配分をさらに増やすことに依然楽観的か? (日本語)
- As Japanese LPs now have some track record in the asset class – how do they evaluate their commitments so far?
- How has the depreciating yen impacted on LPs’ investment strategies?
- What are the lessons learnt so far from their investments? Would they have made any changes in retrospect?





Takeshi Ito
Senior Investment Officer & Chief Operation Officer, AISIN Employees' Pension Fund
Read bio
Cocktail Reception l カクテルレセプション
Agenda
Tokyo Forum - Day 2 - Friday 14th
II Membership breakfast briefing (English) l II メンバーシップ朝食ブリーフィング (英語)

Registration and networking l 受付&ネットワーキング
PEI Opening Remarks (English) l PEIの開会挨拶 (英語)
Keynote Presentation (English) l 基調講演 (英語)

Kikuko Emae
Senior Director and Head of Infrastructure, Government Pension Investment Fund (GPIF)
Read bioKeynote Panel: Accelerating Japanese institutional capital into infrastructure and alternatives (Japanese) l 基調パネル:日本の機関投資家のインフラとオルタナティブ投資への資金投入を加速させる (日本語)
- What structural and regulatory changes need to be made to help accelerate LPs investments into infrastructure and private markets? What is the future role of the gatekeeper model in this context?
- Which Japanese LPs have found the most success from allocating to infrastructure and what are the takeaways that other Japanese investors can learn from their success?
- Corporate pension funds are still lagging; how do we enable them to invest more in private markets and infrastructure?


Tadasu Matsuo
Managing Director and Head of Global Alternative Investments, Japan Science and Technology Agency (JST)
Read bio

Break l 休憩
Panel: Japan’s domestic renewable energy investing challenge – where is the deal flow? (English/ Japanese) l パネル: 日本国内での再生可能エネルギー投資における課題 – ディールフローどこにあるのか?(英語/日本語)
- Corporate PPAs and renewables, navigating investment opportunities in the post FIT era
- Battery storage and the growing demand for grid-scale batteries – where are the investing opportunities for private capital?
- Are there opportunities in investing in niche power assets that may have been overlooked?
Panel: Moving up the risk curve – the case for investing in core plus and value add (English) l パネル:リスクカーブの上昇 - コアプラスとバリューアッドへの投資事例 (英語)
- What are the relative merits of investing in higher-risk assets as opposed to core infrastructure in the current economic environment?
- As competition has increased for core-plus infrastructure assets, are returns still as attractive as in previous years? Are deals harder to access?
- Which subsectors and geographies have the strongest growth potential?






Lunch and Networking (followed by Close of conference) l 昼食&ネットワーキング (フォーラム終了)
If you are interested in speaking at the Seoul Forum, please contact Andrew Wolff
Our 2024 speaker line-up

Ryusuke Bushimata
Director, Research Division & Legal Office, International Bureau, Ministry of Finance, JAPAN

Tadasu Matsuo
Managing Director and Head of Global Alternative Investments, Japan Science and Technology Agency (JST)

Joji Takeuchi
Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One
Thank you to our sponsors
Pre-Event Resources
Apply for a complimentary Institutional Investor pass
Complimentary investor passes are limited to foundations, endowments, trusts, insurance companies, single family offices, sovereign wealth funds and pension funds who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.
Apply for a pass and a member of our team will be in touch to confirm your eligibility.
Find your next investment opportunity
Put your capital to the right place
Network with your peers
Our LP-only breakfast, lunch and networking breaks are just some of the opportunities you will have to enrich your network, exchange valuable perspectives with your LP peers and diversify your investment strategy.
Gain expert insights
Safeguard your investments by hearing from our industry-leading speakers, discover the latest trends and stay aligned with future innovations in the market.
Explore opportunities
Discover remarkable investment opportunities in sectors including emerging markets, energy transition, infrastructure debt and more.
Meet with the best and brightest funds
Connect and arrange one-to-one meetings with infrastructure’s biggest fund and asset managers in the market.
Apply for your complimentary pass
Complimentary investor passes are limited to foundations, endowments, trusts, insurance companies, single family offices, sovereign wealth funds and pension funds who are actively making fund commitments and do not engage in third-party fundraising activities or collect fees for advisory/consulting services.
Apply for a pass and a member of our team will be in touch to confirm your eligibility.
日本の資本を世界のインフラと結びつける
「Infrastructure Investor Tokyo Forum」で、日本の最も影響力のある機関投資家とのつながりを強化し、資金調達の可能性を高めませんか?
このフォーラムは、対面のネットワーキングを通じて、日本の投資家がこの資産クラスに対してどのような選好を抱いているかを把握する貴重な機会です。また、この資産クラスの長期的な強靭性を探求し、将来の投資を確実にする知見を深めることも可能です。
ぜひ、「Infrastructure Investor Network」のメンバーシップを取得し、2024年6月に開催する東京フォーラムにご参加ください。
2023年の投資家参加企業は以下の通りです。
東京フォーラムの主要テーマは次のとおり:
・ 現在の経済環境におけるコアインフラストラクチャーに対する高リスク資産への投資メリット
・ 成長技術における価値発見の方法
・ ESG投資におけるデータの役割
・ 円安がLPの投資戦略に与える影響
・ バッテリー蓄電システムと増加するグリッドスケールバッテリーの需要
Japan Korea Weekの詳細を見る:
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世界中の3,000人以上の投資家やマネージャーのグローバルネットワークにアクセスしましょう。イベント前にミーティングを予約し、「Infrastructure Investor Network」の会員として、イベントを超えて会話を続けましょう。
業界リーダーの声を聞く:
アジアで最も経験豊富で成功を収めているインフラ投資の実務者から、貴重なインサイトを得ませんか?
資金調達を進める:
最もアクティブな日本および韓国の機関投資家との出会いにより、資金調達の可能性を拡大しましょう。
機関投資家向け無料パスを申し込む
部の無料パスは、年金基金、保険会社、政府系ファンド、プライベートウェルスマネージャー、財団、基金、ファミリーオフィス、または企業の投資部門を代表する、対象者であるインストゥルメンタルなアロケーター、機関投資家、および個人投資家のために用意されています。
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If you are interested in speaking at the Tokyo Forum, please contact Andrew Wolff
E: andrew.w@pei.group

Akihiro Konishi
Chief Investment Officer, Federation of National Public Service Personnel Mutual Aid Associations

Dimitrios Papatheodorou
Head of High Yield Investments, Infrastructure Debt Investment Team, HSBC Asset Management

Joji Takeuchi
Executive Manager, Private Asset Investments, Strategic Fund Investment Group, Asset Management One

Masahiro Sakakibara
Head of Frontier & Creation Unit, Global Business Division, Chubu Electric Power

Alexander Wellsteed
Principal Evaluation Specialist, Independent Evaluation Department, Asian Development Bank

Ryosuke Yoshida
Director & Investment Lead, Infrastructure, Private Market Investment Department, Government Pension Investment Fund (GPIF)
This is where the future of infrastructure is built.
Get ready to connect with the East Asia's most influential players in infrastructure
Access to the Tokyo Forum
Event access and 12-month Network membership
US$ 4,495
Group Rate:
Purchase 3 or more passes in one transaction to unlock our group discount. Contact: luca.g@pei.group
Are you an investor?
A limited number of complimentary passes are available for eligible allocators and institutional and private investors. Limited to foundations, endowments, trusts, insurance companies, single family offices, sovereign wealth funds and pension funds.
Our 2025 agenda
Download the 2025 agenda to see the trends shaping Japanese investors’ allocation strategies and markets across the region.
Agenda
Infrastructure Investor Network Tokyo Forum - Wednesday 4th
Registration & networking
PEI & Chair Opening remarks
Keynote Presentation

Akihiro Konishi
Chief Investment Officer, Federation of National Public Service Personnel Mutual Aid Associations
Read bioKeynote Panel: Infrastructure Investing in a Volatile World: Balancing Opportunities and Geopolitical Risks
- In an increasingly unstable geopolitical landscape, how will infrastructure as an asset class fare compared to other private markets in 2025?
- Will ongoing geopolitical risks and volatility have tangible impacts on the renewables sector and its appeal as a subsector?
- Amid increasing concerns about overpaying for assets, how do GPs ensure they source the best deals?



Alexander Wellsteed
Principal Evaluation Specialist, Independent Evaluation Department, Asian Development Bank
Read bio
Break
Panel: Renewables Platforms as an Investment Strategy
- Europe vs. U.S. vs. APAC – which global jurisdictions are proving the most attractive?
- How can investing in renewables platforms mitigate risk, diversify portfolios, and enhance scalability?
- Distributed energy vs. large-scale renewables: understanding the benefits and limitations of distributed energy systems versus large-scale renewable projects.






Presentation

Lunch & Networking
Panel: The Rise of Digital Infrastructure and AI
- How can digital infrastructure investments be optimized to support the real-time data needs of AI, including advancements in data centers, high-speed networks, and edge computing?
- What are the key investment opportunities for institutional investors in AI-driven infrastructure, such as smart cities, 5G networks, and energy management systems?
- What strategies can investors use to balance regulatory, technological, and cybersecurity risks while maximizing returns in this rapidly evolving sector?
Panel: Optimizing Returns in Energy Transition – Strategies for Japanese Investors
- Identifying high-yield opportunities in renewables, battery storage, and emerging transition technologies.
- Understanding the current offshore wind market – can a crisis give rise to new investment opportunities?
- Renewables – managing supply chain challenges and high costs to maintain investor appeal.
Break
Panel: Driving sustainable strategies in infrastructure investing
- Aligning sustainability with profitability, how can infrastructure investors balance the need for fair pricing with ambitious net zero goals?
- How should infrastructure funds address physical and transition risks in their portfolios while seizing opportunities in renewables?
- What’s the most effective way for infrastructure investors to engage with portfolio companies’ sustainability projects?
Panel: Unlocking Value: The Evolving Landscape of Infrastructure Secondaries Investment
- How does investing in secondaries compare to primary infrastructure investments in terms of returns?
- How is the nature of deals in the secondary infrastructure market evolving?
- How are investors navigating liquidity, portfolio diversification, and the growing demand for secondary market transactions in private infrastructure deals?
Panel: Investing in Infrastructure Debt: A Sector for All Cycles
- How does infrastructure debt offer resilience across economic cycles, and what characteristics make it an attractive option in the current period of geopolitical uncertainty?
- Understanding the case for sub-investment grade strategies
- Does appetite for infrastructure debt remain strong in a falling interest rate environment?
Break
Panel: Investing in Global vs. Regional Infrastructure Funds
- How do global infrastructure funds compare to regional ones in terms of diversification and risk management?
- What are the potential return differences between investing in global versus regional infrastructure funds?
- In what ways do regional funds offer unique opportunities for infrastructure investment that may be less accessible to global funds? E.g., Accessing Asian investment opportunities.




Panel: The Maturation of Japanese LPs’ Investment Strategies
- As Japanese investment has grown, are we seeing greater sophistication in their investment strategies? Are closed-end funds gaining traction compared to the historically popular open-end funds?
- Are more Japanese LPs investing directly without gatekeepers, and will the role of gatekeepers remain central moving forward?
- How do Japanese investors view current geopolitical risks when making allocations?






Cocktail Reception
Agenda
Infrastructure Investor Network Tokyo Forum - Thursday 5th
II & PERE Membership Breakfast Briefing
Registration & networking
PEI Opening remarks
Keynote Presentation

Ryosuke Yoshida
Director & Investment Lead, Infrastructure, Private Market Investment Department, Government Pension Investment Fund (GPIF)
Read bioPanel: Understanding the role of Japanese strategic investors in the infrastructure market
- How are strategic investors approaching investments in datacentres and renewables?
- What lessons have strategic investors learned from past investments in infrastructure, and how have these experiences shaped their current strategies?
- What roles do partnerships and collaborations play in the investment strategies of strategic investors within the infrastructure sector and beyond?
Break
Panel: The Continuing Evolution of Japan's Energy transition
- What are the primary drivers behind the increasing demand for corporate PPAs in Japan, and how is this impacting the renewable energy market?
- Evaluating the outcomes of the second-round battery auction: does it bode well for future growth?
- How will government mandates shape the financial outlook for battery and energy storage companies in Japan?





Panel: Harnessing Investment Opportunities in the Mid-Market Sector
- Why does the mid-market provide more favorable exit dynamics and faster capital velocity compared to large-cap investments?
- Mid-market specialists vs. multi-strategy platforms – which investment strategies are the most compelling?
- Is there a risk that generalists in the mid-market could get squeezed out?




